Why is Raconteur Global falling/rising?
As of 18-Nov, Raconteur Global Resources Ltd's stock price is at 14.00, down 5.08%. The stock has significantly underperformed its sector and the broader market, with a notable decline in trading volume and a poor long-term performance despite some short-term gains.
As of 18-Nov, Raconteur Global Resources Ltd's stock price is currently at 14.00, reflecting a decrease of 0.75, or 5.08%. The stock has underperformed its sector today by 3.1% and has shown erratic trading patterns, having not traded on one day out of the last twenty. Additionally, the stock's delivery volume has significantly declined by 72.22% compared to the five-day average, indicating falling investor participation. Over the past year, the stock has experienced a substantial decline of 27.46%, while its year-to-date performance shows a gain of 20.69%. However, the stock's performance over the last three years has been notably poor, with a drop of 39.13%, contrasting sharply with the benchmark's positive return.In the broader market context, the Sensex has shown a positive return of 0.96% over the past week, while Raconteur's stock has declined by 6.67% in the same period, highlighting its underperformance relative to the benchmark. Despite a positive return of 7.69% over the past month, the stock's long-term performance remains concerning, particularly when compared to the Sensex's 9.48% return over the past year and 37.31% over the past three years. This disparity suggests that while there may be some short-term gains, the overall trend for Raconteur Global is negative, influenced by declining investor interest and poor trading activity.
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